11am update – morning chop

US equities are choppy… with the Nasdaq notably resilient. VIX appears s/t maxed out from around the key 20 threshold.

sp’60min

VIX’60min

Summary

The market remains distinctly twitchy, with the opening gap fully filled.
The s/t hourly setup favours the bulls… for a few days.


notable Dow component: MSFT

S/t bullish…  50dma $325s.

notable car: TSLA

Net higher… one hope for the s/t bulls.

notable energy: SLB

Reflective of the sector. The 200dma is clearly due.

notable trans: CCL

Trying to find a floor from around the 200dma.

time for a much needed lunch…